Hardware needed to connect to the Internet includes a digital subscriber line modem or cable modem. A router is required to add a network that allows sharing of Internet access. Networks can be wired...
Payroll Tax. What is 'Payroll Tax'. Payroll tax is a tax that an employer withholds and pays on behalf of his employees, and it is based on the wage or salary of the employee. In most countries, including the United States, federal authorities as well as many state governments collect some form of payroll tax.
Three main types of taxes fall under the category of payroll taxes: 1  The regular income tax that must be withheld from employees' paychecks. 2  Federal Insurance Contribution Act (FICA) taxes. 3  Federal Unemployment Tax (FUTA, the a stands for the word Act in the original name of the act). 4  State Unemployment Taxes. 5  Local Payroll Taxes.